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Jan 28, 2013
01/13
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and they don't agree about military spending. they don't agree about what taxation should be, on and on and on. gun control. they don't agree. and on the other hand, you know, we have this sort of slow economy that makes it more difficult to cut a deal. and i should add to that a constitutional crisis, in a way, because this whole debt ceiling has been a weapon that the house of representatives has used to gain power. it's not just the republicans versus the democrats. it's the house versus the president. >> meanwhile, these markets are on fire. another good week for the market. the s&p 500 hitting a new five-year high. what is driving stocks? and do you think it's sustainable for the year? some of the risk has been pulled out of the of the market. so the most recent is three months. some of the ris ks. and maybe just that the election isn't determined. maybe some are happy. some are, some aren't. but it's solved. markets don't like uncertainty. so even though it wasn't very likely the european union would fall apart, even though
and they don't agree about military spending. they don't agree about what taxation should be, on and on and on. gun control. they don't agree. and on the other hand, you know, we have this sort of slow economy that makes it more difficult to cut a deal. and i should add to that a constitutional crisis, in a way, because this whole debt ceiling has been a weapon that the house of representatives has used to gain power. it's not just the republicans versus the democrats. it's the house versus the...
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Jan 29, 2013
01/13
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so you want to get reimbursed for spending a lot of money to develop them. but then again, we all have this problem with keeping health care costs down and obama care wants generic competition for biologics. what's the right road to take there? >> you know, joe, we've been in this industry for over 135 years. for us, we've taken a focus and we pursue both small molecule as well as bioological routes to address some of the most oppressing diseases out there. if you take alzheimer's, we have the biologic but we have a base inhibitor in phase two -- >> would you pay a lobbyist, would you get lobbyists for eli lilly to try to make it that you don't have to have generic competition for biologics, is that something eli lilly would do, or do you go along with it? >> well, remember, in the affordable care act we did get an extension in terms of data protection, as we should be, to at least 12 years. we believe that's very important for us to have a reasonable period to generate return on investment that we make in r&d. we still are the industry that invests the most
so you want to get reimbursed for spending a lot of money to develop them. but then again, we all have this problem with keeping health care costs down and obama care wants generic competition for biologics. what's the right road to take there? >> you know, joe, we've been in this industry for over 135 years. for us, we've taken a focus and we pursue both small molecule as well as bioological routes to address some of the most oppressing diseases out there. if you take alzheimer's, we...
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Jan 28, 2013
01/13
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, in addition to the tax increases that are comes into play, the obama care tax increase and increase on incomes higher than $400,000 a year in earnings, you know, that's going to create some drag. but, you know, i get a sense, kelly, when we do our own analysis at hamilton play strategies, we think that the u.s. economy will be able to power through that this year, even with the -- even with the drag. so, you know, solid growth, but certainly not matching some of the euphoria that we've seen in the last couple of months. >> it's extraordinary because if you say this is a 1.5% drag which is roughly some of the estimates i've seen lately on this and where gdp is almost in the 2.5% range that would suggest we're somewhere in the growth of 1.4%. you could understand why markets are doing better. but unfortunately the what could have or should have doesn't matter too much. if it's the opposite, it will be are reminder of how growth was in the fourth quarter. >> i think the ee zester and the tax increases will take the top off of growth. i think we would have been looking at a very good ye
, in addition to the tax increases that are comes into play, the obama care tax increase and increase on incomes higher than $400,000 a year in earnings, you know, that's going to create some drag. but, you know, i get a sense, kelly, when we do our own analysis at hamilton play strategies, we think that the u.s. economy will be able to power through that this year, even with the -- even with the drag. so, you know, solid growth, but certainly not matching some of the euphoria that we've seen...
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Jan 25, 2013
01/13
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on gdp is an okay number because i've increased entitlements for obama care, i've done other things where i've increased entitlements. i want to bring tax revenues up to 25%. i don't want to meet at 18 or 20 like we've had for so long, would that be okay with you if it was 25%? would that be anti-growth for the private sector? >> my view is you should decide -- what is it you think the government should do. you don't pick a number. you pick a -- >> so -- >> the aging of the population in the u.s. implies that the correct number of white -- >> -- hire -- >> -- is going to change over time because if you say i think the government should be helping people with their retirement through a social insurance like social security then it means the government size number is going to change over time, not just a fixed number. >> but if you look back at the last 60 years the average has been around 22%. >> so yes, if you try to fix it at 22% you're implicitly saying i'm going to pretend like the aging of the population is not happening. so i'm going to fix it, the spending levels at what they
on gdp is an okay number because i've increased entitlements for obama care, i've done other things where i've increased entitlements. i want to bring tax revenues up to 25%. i don't want to meet at 18 or 20 like we've had for so long, would that be okay with you if it was 25%? would that be anti-growth for the private sector? >> my view is you should decide -- what is it you think the government should do. you don't pick a number. you pick a -- >> so -- >> the aging of the...
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Jan 24, 2013
01/13
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CNN
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but the fact is, if our primary legislative goals are to repeal and replace the health spending bill, to end the bailouts, cut spending and shrink the size and scope of government, the only way to do all of those things is to put someone in the white house who won't veto any of these things. >> after that, democrats worried republicans were trying to annihilate the democratic party, in part by trying to destroy unions, the most vivid example of that, wisconsin. the republican governor successfully pushed a bill that stripped collective bargaining rights for most public unions. ohio and michigan followed scott walker's lead with mixed success. and now it seems the tables have turned. now if you believe boehner, the democrats want to annihilate the gop. so the talkback question for you, do you agree with boehner? will obama try to annihilate the republican party? facebook.com/carolcnn, or tweet me @carolcnn. i'll be right back. neutrogena® rapid wrinkle repair has the fastest retinol formula. to visibly reduce fine lines and wrinkles in just one week. neutrogena®. >>> good morning. th
but the fact is, if our primary legislative goals are to repeal and replace the health spending bill, to end the bailouts, cut spending and shrink the size and scope of government, the only way to do all of those things is to put someone in the white house who won't veto any of these things. >> after that, democrats worried republicans were trying to annihilate the democratic party, in part by trying to destroy unions, the most vivid example of that, wisconsin. the republican governor...
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Jan 26, 2013
01/13
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and then president obama asked me to be secretary of state. and i said yes. why did he ask me? and why did i say yes? because we both love our country. >> clinton is expected to spend this last week in washington. no more trips, but i mean, come on, she already set the record for most countries visited by a secretary of state. she topped the 100 mark last july. >>> all right. you have to admit, it seemed like an odd pairing at the beginning, obama and clinton. many wondered whether their partnership would implode in a public way. but they, instead, became trusted friends. >> reporter: barack obama and hillary clinton have faced questions together before. here in a 2008 presidential debate with cnn's wolf blitzer. >> i don't want to end the war, i want to end the mind set that got us into war in the first place. that's the kind of leadership i intend to provide as president of the united states. >> and, of course -- >> senator clinton, that's a clear swipe at you. >> really? >> back then, it was a very different relationship in the midst of an already bitter rivalry. >> while i
and then president obama asked me to be secretary of state. and i said yes. why did he ask me? and why did i say yes? because we both love our country. >> clinton is expected to spend this last week in washington. no more trips, but i mean, come on, she already set the record for most countries visited by a secretary of state. she topped the 100 mark last july. >>> all right. you have to admit, it seemed like an odd pairing at the beginning, obama and clinton. many wondered...
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Jan 26, 2013
01/13
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obama has also said investing as a synonym for spending. investing has to be investing. >> if we can't get behind a no-brainer like this, a public/private infrastructure bank, we have a real problem. this is leveraging, private capit capital, should be a no-brainer and it's ridiculous that it's continue tended where the rubber meets the road. >> a no-brainer no matter what side you're on. christy thanks you so much. margaret and john, stop playing footsie. one man, two skis, multiple falls. richard quest is fresh off the bunny slope. ♪ my friends are al ♪ my friends, they do surround me ♪ ♪ i hope this never ends ♪ and we'll be the best of friends ♪ ♪ all set? all set. [ male announcer ] introducing the reimagined 2013 chevrolet traverse, with spacious seating for up to eight. imagine that. >>> all right. richard quest joins me now. he is the host of "quest means business" on cnn international. a perennial all-star in davos. richard, give our viewers a look at what this place, davos, and the world economic forum is really like
obama has also said investing as a synonym for spending. investing has to be investing. >> if we can't get behind a no-brainer like this, a public/private infrastructure bank, we have a real problem. this is leveraging, private capit capital, should be a no-brainer and it's ridiculous that it's continue tended where the rubber meets the road. >> a no-brainer no matter what side you're on. christy thanks you so much. margaret and john, stop playing footsie. one man, two skis,...
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Jan 29, 2013
01/13
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those six years that you spend running and then governing, it takes a lot out of even somebody as young as president obama. >> and if you need any reminding of how tough the job is, look no further than barack obama, all the times you have interviewed him from start to finish, his hair has turned white. people are blaming you. >> i don't think that's the case, piers. >> steve, it's been a pleasure talking to you. it was fantastic television just to see those two sitting there, taking questions, and i salute you. well done. >> thank you, piers. >> guns are squarely at the top of president obama's agenda tonight. 38 days after the tragedy at newtown, he and vice president joe biden met with police chiefs and sheriffs in cities across the country including utah, aurora, colorado, and oak creek, wisconsin. joining me three men who were at that meeting. charles ramsey, john edwards, and sheriff fitzgerald. welcome to you all. let me start with you, if i may, please, commissioner ramsey. what was your overview of how the meeting went? i suppose the key question is what do you collectively thi
those six years that you spend running and then governing, it takes a lot out of even somebody as young as president obama. >> and if you need any reminding of how tough the job is, look no further than barack obama, all the times you have interviewed him from start to finish, his hair has turned white. people are blaming you. >> i don't think that's the case, piers. >> steve, it's been a pleasure talking to you. it was fantastic television just to see those two sitting there,...
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Jan 25, 2013
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i think the republicans should spend less time complaining about president obama and his intentions and more time to thinking about what they can solve and where they can work with him and where they really can fight and should fight him and really try to do some good for the country by mitigating the damage he is doing. and where they cannot mitigate the damage, they can set a fire say we are confident the public will see the failure of president obama's policies and we will get a real alternative. host: this tweet -- jeb bush of florida has this in the wall street journal this morning on solving the immigration puzzle. jeb bush says there is no line. guest: i would be with him. and i thought that romney's attacks on rick perry and newt gingrich were not fair on immigration. mitt romney was supposed to be the moderate candidate and rick perry was the right-winger. rick perry was the one who was more forward-looking and more liberal on immigration, which would have served the party better. romney by pandering to what he thought or parts of the republican base on immigration. when he men
i think the republicans should spend less time complaining about president obama and his intentions and more time to thinking about what they can solve and where they can work with him and where they really can fight and should fight him and really try to do some good for the country by mitigating the damage he is doing. and where they cannot mitigate the damage, they can set a fire say we are confident the public will see the failure of president obama's policies and we will get a real...
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Jan 27, 2013
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. >> tomorrow on washington journal we'll talk about president obama's use of executive power. then a look at climate change on legislation and congress. and later a discussion about dop mat i can security worldwide with former interior to algeria ronald knewman. >> we've created a platform that we call digital health feedback system. and the main components of that platform are a sensor you swallow. it sends information to a wearable patch on your torso that collects information about the medicines you swallow and your heart rate and sleep,temperature, a lot of things what we call a panel of fiss logical and it commune indicates with a blue tooth phone you carry and it can help you manage your own health. >> i think we're at an inflection point. we've had all these incrementle amazing changes over the last five years and now we're poised to make great leeps in these complex disease. our understanding of cancer the last five years as dwarfed the last 25 and the next ten years will take us into some amazing advances. >> technology mont night on the communicate tors at 8:00 easte
. >> tomorrow on washington journal we'll talk about president obama's use of executive power. then a look at climate change on legislation and congress. and later a discussion about dop mat i can security worldwide with former interior to algeria ronald knewman. >> we've created a platform that we call digital health feedback system. and the main components of that platform are a sensor you swallow. it sends information to a wearable patch on your torso that collects information...
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Jan 24, 2013
01/13
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it is humbling to be here before you in this new role as president obama's nominee as secretary of state. but my approach to this role, if confirmed, is deeply informed but the 28-plus years i've been privileged to spend in the senate. that perspective will remain with me if confirmed as secretary, and i'm already excited by the many ways we can work together and in which we must work together in order to advance america's security interests in a complicated and ever more dangerous world. i would add that i am particularly aware that in many ways, the greatest challenge to america's foreign policy will be in your hands, not mine. while it is often said that we cannot be strong at home if we are not strong in the world, these days of fiscal crisis, and as a recovering member of the super committee, i am especially cognizant of the fact that we cannot be strong in the world unless we are strong at home. the first priority of business, which will affect my credibility as a diplomat and our credibility as a nation, as we work to help other countries create order, the first priority will be t
it is humbling to be here before you in this new role as president obama's nominee as secretary of state. but my approach to this role, if confirmed, is deeply informed but the 28-plus years i've been privileged to spend in the senate. that perspective will remain with me if confirmed as secretary, and i'm already excited by the many ways we can work together and in which we must work together in order to advance america's security interests in a complicated and ever more dangerous world. i...
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Jan 24, 2013
01/13
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it's humbly to hear before you in this new role as president obama's nominee for secretary of state, but my approach to this role, if confirmed, is also deeply informed by the 28-plus years that i have been privileged to spend in the senate. that perspective will remain with me, if confirmed, as secretary. and i'm already excited by the many ways that we can work together and in which we must work together. in order to advance america's security interests in a complicated and ever more dangerous world. i would add that i'm particularly aware that in many ways the greatest challenge to america's foreign policy will be in your hands, not mine, because while it's often said that we can't be strong at home if we're not strong in the world, if these days of fiscal crisis and as a recovering member of the supercommittee, i am especially cognizant of the fact that we can't be strong in the world unless we're strong at home. and the first priority of business, which will affect my credibility as a diplomat and our credibility as a nation, as we work to help other countries create order, the
it's humbly to hear before you in this new role as president obama's nominee for secretary of state, but my approach to this role, if confirmed, is also deeply informed by the 28-plus years that i have been privileged to spend in the senate. that perspective will remain with me, if confirmed, as secretary. and i'm already excited by the many ways that we can work together and in which we must work together. in order to advance america's security interests in a complicated and ever more...
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Jan 25, 2013
01/13
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it's humbly to hear before you in this new role as president obama's nominee for secretary of state, but my approach to this role, if confirmed, is also deeply informed by the 28-plus years that i have been privileged to spend in the senate. that perspective will remain with me, if confirmed, as secretary. thei'm already excited by many ways that we can work together and in which we must work together. in order to advance america's security interests in a complicated and ever more dangerous world. i would add that i'm particularly aware that in many ways the greatest challenge to america's foreign policy will be in your hands, not mine, because while it's often said that we can't be strong at home if we're not strong in the world, if these days of fiscal crisis and as a recovering member of the supercommittee, i am especially cognizant of the fact that we can't be strong in the world unless we're strong at home. and the first priority of business, which will affect my credibility as a diplomat and our credibility as a nation, as we work to help other countries create order, the first
it's humbly to hear before you in this new role as president obama's nominee for secretary of state, but my approach to this role, if confirmed, is also deeply informed by the 28-plus years that i have been privileged to spend in the senate. that perspective will remain with me, if confirmed, as secretary. thei'm already excited by many ways that we can work together and in which we must work together. in order to advance america's security interests in a complicated and ever more dangerous...
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Jan 27, 2013
01/13
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obama has instituted and the growth rate of this country, even if we do not spend another dime over what we spend currently, it will take 128 years to resolve those trillions and trillions of dollars that we know. i have graduate students that could not tell you what $1 trillion is. what makes you think politicians can? >> stay with us for a moment. i want to read you a headline from where our last guest was from. with the national economy ticking up, states are poised to finally rebound from the recession lingering revenue crunch. continued budget delays may dampen those prospects. for all the talk about the fiscal cliff, states already know what a free fall in revenue feels like. tell us about what you think kentucky is facing. you talk about the debt and the deficit, but how these federal issues affect your state? >> politicians tend to use political mouth. they use of false of bass lines and artificial parameters in which they said the equations. the congressional budget office is a political institution designed by politicians to protect politicians. it does not use genuine mass. th
obama has instituted and the growth rate of this country, even if we do not spend another dime over what we spend currently, it will take 128 years to resolve those trillions and trillions of dollars that we know. i have graduate students that could not tell you what $1 trillion is. what makes you think politicians can? >> stay with us for a moment. i want to read you a headline from where our last guest was from. with the national economy ticking up, states are poised to finally rebound...
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Jan 24, 2013
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will we spend enough to safeguard the investment we made there? i agree with the words by president obama. host: we have about 15 minutes left with our guest. henry is calling from kentucky henry from kentucky is calling. caller: people around the world have always considered the american people the most uninformed and the most obtuse of any nation. i think is because the mainstream media distorts the truth so much and present the facts as they want the people to hear and see. the information that you get on the internet is a lot more reliable, because you can do research about who wrote it and what not. i find conflicting things that you say about what is going on iran the globe -- around the globe. the gun violence, there are staged events to get people behind the gun and assault ban -- host: let's move on to florida. joseph, are you there? caller: how old were you in 1957? guest: i was-years old. host: why do you ask? caller: because you are really informed on what is going on in current times, and back in the 1950's when we used to do covert o
will we spend enough to safeguard the investment we made there? i agree with the words by president obama. host: we have about 15 minutes left with our guest. henry is calling from kentucky henry from kentucky is calling. caller: people around the world have always considered the american people the most uninformed and the most obtuse of any nation. i think is because the mainstream media distorts the truth so much and present the facts as they want the people to hear and see. the information...
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Jan 26, 2013
01/13
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i think this is the future to collect the taxes and spending. we have to do something about this $16.30 trillion national debt. host: our last call is from alaska. caller: i would like to talk about the center. he is still in campaign mode. obama said you did not build that. that was the story. he was none talking about that. he is talking about the roads to get there. even after the election he was lying. we talked about the media as part of the problem we asked which station the people listening to, over half the room clapped and reference. there are just as guilty as anybody. we have time for one more call. you're on the republican line. caller: i would like to ask why we are legalizing so many illegals that are coming across the border. in the meantime cutting back spending for doctors' for all people -- for all people so doctors do not want to see people over 65 because it does not pay for their time. i feel like this is a way to get of old people and bring in illegals and give them the government benefits. i like to hear that address. than
i think this is the future to collect the taxes and spending. we have to do something about this $16.30 trillion national debt. host: our last call is from alaska. caller: i would like to talk about the center. he is still in campaign mode. obama said you did not build that. that was the story. he was none talking about that. he is talking about the roads to get there. even after the election he was lying. we talked about the media as part of the problem we asked which station the people...
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Jan 26, 2013
01/13
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i think the republicans should spend less time complaining about president obama and his intentions and more time to thinking about what they can solve and where they can work with him and where they really can fight and should fight him and really try to do some good for the country by mitigating the damage he is doing. and where they cannot mitigate the damage, they can set a fire say we are confident the public will see the failure of president obama's policies and we will get a real alternative. host: this tweet -- jeb bush of florida has this in the wall street journal this morning on solving the immigration puzzle. jeb bush says there is no line. guest: i would be with him. and i thought that romney's attacks on rick perry and newt gingrich were not fair on immigration. mitt romney was supposed to be the moderate candidate and rick perry was the right-winger. rick perry was the one who was more forward-looking and more liberal on immigration, which would have served the party better. romney by pandering to what he thought or parts of the republican base on immigration. when he men
i think the republicans should spend less time complaining about president obama and his intentions and more time to thinking about what they can solve and where they can work with him and where they really can fight and should fight him and really try to do some good for the country by mitigating the damage he is doing. and where they cannot mitigate the damage, they can set a fire say we are confident the public will see the failure of president obama's policies and we will get a real...
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Jan 31, 2013
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we are looking at unprecedented cuts in spending on national security. we are looking at the prospect of drawing down from afghanistan. we are looking at a lot of changes. not just here in the united states, but in the world. one of the questions i know that we have is whether we are ready for the exchanges. i suspect that most of us believe we are not. tom, make -- maybe you could start as out and talk about the sequestration that paul ryan told us this weekend is going to happen. >> it is a prediction that at this point seems like a certainty, but i would argue it has been a near certainty once beat sequestration provision was written into the budget control act. i will talk a bit about sequestration per se, but i would regard it as a symptom and not the disease itself. the disease itself is erosion to the point of vanishing, almost, of the bipartisan political consensus for military string, for peace through strength, as people used to say. that is really something that over the course of my career has been a touchstone, something that people could bu
we are looking at unprecedented cuts in spending on national security. we are looking at the prospect of drawing down from afghanistan. we are looking at a lot of changes. not just here in the united states, but in the world. one of the questions i know that we have is whether we are ready for the exchanges. i suspect that most of us believe we are not. tom, make -- maybe you could start as out and talk about the sequestration that paul ryan told us this weekend is going to happen. >> it...
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Jan 30, 2013
01/13
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1, avoiding sharp tax increases and across the board government spending cuts. the chairman of the senate judiciary committee sent in his prepared statement that closing loopholes in the background check system for gun purchases will not run firearm owners said mmm rights to own a gun and is a matter of common sense. after the killing of student and staffers in connecticut it is time to stop recriminations on the subject. the senator says the background checks would mean a strengthening by law anyone buying a gun from a licensed dealer must have a background check infected killers and people with mental problems barred from purchases. the senate judiciary committee hearing on guns begins it 10:00 eastern time. here is live on c-span radio or watch live on c-span. those are some of the latest headlines on c-span radio. >> it is clear to be a good bill on civil rights. can you get him to agree to come on with you? or is he going to try to keep from passing it? think we have to get a whip out. >> lbj and chief congressional aide larry o'brien strategizing. here it
1, avoiding sharp tax increases and across the board government spending cuts. the chairman of the senate judiciary committee sent in his prepared statement that closing loopholes in the background check system for gun purchases will not run firearm owners said mmm rights to own a gun and is a matter of common sense. after the killing of student and staffers in connecticut it is time to stop recriminations on the subject. the senator says the background checks would mean a strengthening by law...
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Jan 30, 2013
01/13
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mcconnell: a few weeks ago president obama reported that -- a few weeks ago president obama reportedly said that america doesn't have a spending problem. this is completely at odds with what independent experts tell us and what is perfectly apparent to anybody who is alert. and last week i brought this chart behind me to the floor to illustrate the point. as everyone knows, we're running trillion-dollar annual deficits. what this chart shows is the gap between government spending and revenue just keeps getting wider and wider and wider. so let's take a look at it. the occupant of the chair is relatively new to the senate, but not new to the facts. the green area here represents both historic and projected tax revenue. the blue area here, the dark blue area, as you can see, really kind of flat line flatlit here to 2014, is the new revenue that the president got at the end of the new year as a result of the law. the tax rates sunsetted, expired at midnight on new year's eve. the congress then wisely continued the current tax rates for 99% of americans, made those rates permanent so you w
mcconnell: a few weeks ago president obama reported that -- a few weeks ago president obama reportedly said that america doesn't have a spending problem. this is completely at odds with what independent experts tell us and what is perfectly apparent to anybody who is alert. and last week i brought this chart behind me to the floor to illustrate the point. as everyone knows, we're running trillion-dollar annual deficits. what this chart shows is the gap between government spending and revenue...
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Jan 31, 2013
01/13
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when are we going to have any new spending cuts? this would at least start in a modest way reasonable spending cuts. thank you, madam president. the presiding officer: would the senator call up his motion. mr. vitter: yes, madam president. i call up the motion to commit. the presiding officer: the clerk will report. the clerk: the senator from louisiana, mr. vitter, moves to commit the bill, h.r. 325, to the -- mr. vitter: madam president, i ask to waive reading of the whole. the presiding officer: without objection. mr. baucus: madam president? the presiding officer: the senator from montana. mr. baucus: madam president, we've -- we've essentially already voted on this. this is very similar to the portman amendment which lost by a vote of 54-44. this approach was rejected by the house of representatives when the speaker sent over his debt increase to us which gives us breathing room. we tried this approach suggested by the senator in august of 2011. it didn't work. this moves us backward, not forward. and i think we should give pra
when are we going to have any new spending cuts? this would at least start in a modest way reasonable spending cuts. thank you, madam president. the presiding officer: would the senator call up his motion. mr. vitter: yes, madam president. i call up the motion to commit. the presiding officer: the clerk will report. the clerk: the senator from louisiana, mr. vitter, moves to commit the bill, h.r. 325, to the -- mr. vitter: madam president, i ask to waive reading of the whole. the presiding...
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Jan 29, 2013
01/13
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we are looking at unprecedented cuts in spending on national security. we are looking at the prospect of drawing down and, drawing down from afghanistan. we are looking at a lot of changes. not just here in the united states but in the world. one of the questions i know that we have is whether we are ready for those changes. i suspect that most of us believe we are not. tom, maybe you could start out and talk a bit about the sequestration that paul ryan told us this weekend is quote going to happen. i'll give you the mic. >> well, it's a prediction that at this point seems like a certainty, but i would argue it's near certainty. once the sequestration provision was written into the budget. sal talk a bit about sequestration per se, but i really regarded as a symptom and not the disease itself. the disease itself is the erosion of the point of vanishing almost of the bipartisan political consensus for military strength, for key strength, people used to see. and that's really something that over the course of my career has been a touchdown that people coul
we are looking at unprecedented cuts in spending on national security. we are looking at the prospect of drawing down and, drawing down from afghanistan. we are looking at a lot of changes. not just here in the united states but in the world. one of the questions i know that we have is whether we are ready for those changes. i suspect that most of us believe we are not. tom, maybe you could start out and talk a bit about the sequestration that paul ryan told us this weekend is quote going to...
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Feb 1, 2013
02/13
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to swallow spending cuts. it worked, but it is terribly damaging to the nation's economy and their political capital. with something like 90% in august of 2011 and they recognize this is a bad idea. thing is a pretty bad idea of a downgrade for the first time. they didn't want to do that again, but they didn't want to vote for a thicker national debt either. that doesn't care what their philosophy to pick them up with a strategy and in the meantime we want the senate to pass a budget for 2014 and the law says if either chamber fails a budget, paychecks will be docked. the whole idea is to postpone the economy default situation until the prosecutor at the continuing fight over taxes and then made to a point where both sides are satisfied in the debt limit can be raised again. >> how a template of a increasing the deficit in effect the economy and financial markets? >> where do you know the answer. it's sort of jan at the bill and i went to expect this. when initially proposed, some analysts say it's for uncerta
to swallow spending cuts. it worked, but it is terribly damaging to the nation's economy and their political capital. with something like 90% in august of 2011 and they recognize this is a bad idea. thing is a pretty bad idea of a downgrade for the first time. they didn't want to do that again, but they didn't want to vote for a thicker national debt either. that doesn't care what their philosophy to pick them up with a strategy and in the meantime we want the senate to pass a budget for 2014...
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Jan 28, 2013
01/13
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spending was the reason that congress and president obama raised the debt ceiling by $2.1 trillion just a year and a half ago. now, in 2006, the junior senator from illinois, senator obama, came to the floor, made a very passionate and thoughtful statement here on the senate floor in opposition to raising the debt limit. many of the reasons that he gave then are relevant today. in fact, they are even more appropriate because the national debt is much, much higher. and we have a fiscal mess. it's instructive for my colleagues to hear the words straight from then-senator obama. he delivered these remarks on march 16, 2006. at that time the senate was debating raising the debt limit by $781 billion to a new limit then that seems very small today, about half what it is today, raising the limit of 2006 to $8.9 trillion. so i thought it would be worth for the president's benefit as well as our benefit to go over what then-senator, now-president obama had to say, and so i'm going to quote partially from his speech. and this is from 2006, dealing debate -- -- quote -- "the fact that we are here
spending was the reason that congress and president obama raised the debt ceiling by $2.1 trillion just a year and a half ago. now, in 2006, the junior senator from illinois, senator obama, came to the floor, made a very passionate and thoughtful statement here on the senate floor in opposition to raising the debt limit. many of the reasons that he gave then are relevant today. in fact, they are even more appropriate because the national debt is much, much higher. and we have a fiscal mess....
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Jan 25, 2013
01/13
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this role, if confirmed, is also deeply informed by the 28 plus years that i have been privileged to spend in the senate. that perspective will remain with me if confirmed to secretary, and i'm already excited by the many ways that we can work together and in which we must work together in order to advance america's security interest and a complicated and ever more dangerous world. i would add that i am particularly aware that in many ways the greatest challenge to america's foreign-policy will be in your hands, not mine. his was often said that we can be strong and no before not strong in the world, and these days of fiscal crisis and as a recovering member of the super committee, i am especially cognizant of the fact that we can't be strong in the world and thus were strong at home . the first priority of business which will affect my credibility as a diplomat and our credibility as a nation, as we work to help other countries create order the first per it will be that america at last put its own fiscal house in order. i really can't emphasize to you enough talent. this is. people all ov
this role, if confirmed, is also deeply informed by the 28 plus years that i have been privileged to spend in the senate. that perspective will remain with me if confirmed to secretary, and i'm already excited by the many ways that we can work together and in which we must work together in order to advance america's security interest and a complicated and ever more dangerous world. i would add that i am particularly aware that in many ways the greatest challenge to america's foreign-policy will...
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Feb 1, 2013
02/13
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simply did not want to spend a lot of political capital on his nominee. even though the ones that were higher profile that you could see this could be an example of a progressive how want to take the court sort of you. say good we live in the ninth circuit, now on the california supreme court. the president simply did not put any -- twisting arms or use of any political capital. now after reelection maybe we'll start doing that. of course he also had two supreme court appointments that took up a lot of time and energy. but i don't think that can explain a whole do. i don't think we'll have more supreme court vacancies for a while. all the justices seemed to like what they are doing. ruth bader ginsburg is the oldest one. she's currently 79. she said that god bless you, she survived cancer three times and wants to stay on at least as long as her hero brandes, proud of what had a republican appointed her successes of my that should be resigned at some point in 2015. the big cases this term of the supreme court, there's one an affirmative action, at the univ
simply did not want to spend a lot of political capital on his nominee. even though the ones that were higher profile that you could see this could be an example of a progressive how want to take the court sort of you. say good we live in the ninth circuit, now on the california supreme court. the president simply did not put any -- twisting arms or use of any political capital. now after reelection maybe we'll start doing that. of course he also had two supreme court appointments that took up...
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Feb 1, 2013
02/13
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they tried in 2011 to use the debt limit as a lynch -- leverage point to force obama to swallow spending u cuts. it worked but -- [inaudible] to something like 9%. and they recognize that it was a bad idea. i mean, gambling with the credit of the united it turned out is a bad idea. we were downgraded for the first time in nation's history. they department want to do that again. like i said, i didn't want to vote for a bigger national debt either. that doesn't fit with their philosophy. they came up with the strategy of saying we're going us is fend. and in the meantime, they want the senate to pass a budget for 2014 and the law salses that -- says that if either chamber fails to adopt a budget by april 15, the paychecks will be docked. the idea of the thing is to postpone the sort of economy raddling default situation until they can prosecute the continuing fight over taxes and spending to a point where, you know, both are satisfied and the debt limit can be raised again. >> economy ragging hue will the temporary delay affect the economy and the financial markets? >> you already know the
they tried in 2011 to use the debt limit as a lynch -- leverage point to force obama to swallow spending u cuts. it worked but -- [inaudible] to something like 9%. and they recognize that it was a bad idea. i mean, gambling with the credit of the united it turned out is a bad idea. we were downgraded for the first time in nation's history. they department want to do that again. like i said, i didn't want to vote for a bigger national debt either. that doesn't fit with their philosophy. they...
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Jan 30, 2013
01/13
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CURRENT
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medicaid part b, it is now obama's spending -- all right. oh, look, it is future husband stack. [ ♪ "world news tonight" ♪ ] i need someone that cares about me. >> well apparently you have -- >> stephanie: i'm gesturing at jim. he doesn't know because he doesn't pay attention to me. >> because i'm trying to read e-mail. >> during the show? >> stephanie: i'm talking. reading while i'm talking. you're not paying attention are you? >> why do you need a future husband if you got a new little thing going on? >> stephanie: listen! >> you spilled the beans. >> it is you and mrs. jones, right? you got a thing going on? >> stephanie: travis was there saturday. it's not important. okay. >> okay then. >> stephanie: this is -- brian wendler, please and thank you. sixth arrest for dui. at the time of his arrest, he was wearing a shirt that read been drinking, free breathalyzer test with an arrow pointed at his mouth. >> he got that crazy shirt at the mall. >> stephanie: good thing the cop didn't find that all that funny. >> that's the kind of shirt y
medicaid part b, it is now obama's spending -- all right. oh, look, it is future husband stack. [ ♪ "world news tonight" ♪ ] i need someone that cares about me. >> well apparently you have -- >> stephanie: i'm gesturing at jim. he doesn't know because he doesn't pay attention to me. >> because i'm trying to read e-mail. >> during the show? >> stephanie: i'm talking. reading while i'm talking. you're not paying attention are you? >> why do you...
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Jan 29, 2013
01/13
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CURRENT
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she said i just can't spend my life going on tv and being angry all the time. >> but that's what she does. >> stephanie: [ inaudible ] told babe buchanan that the republican campaign was just a hot mess. and she responded this is just a bump in the road. >> not disparaging realtors by any means. >> stephanie: no! no! >> [ inaudible ] we don't like them. >> stephanie: no. seventeen minutes after the hour. if i paid at attention during our go to meeting yesterday, i would know we are supposed to talk about our go to meeting now. >> yes. >> stephanie: and that's why we use go to meeting when we can't be in the same room together. and did you want to be in the same room together yesterday? >> no, hell no. >> stephanie: people call in sick. >> oh, yeah. >> stephanie: that's why you need go to meeting by citrix. the fastest way to meet with coworkers no matter where you are or how you are feeling. collaborating on documents in real time while seeing each other in hd video. you can join anywhere even present -- [♪ magic wand ♪] >> stephanie: from your ipad. >> wow. >> stephanie: i love
she said i just can't spend my life going on tv and being angry all the time. >> but that's what she does. >> stephanie: [ inaudible ] told babe buchanan that the republican campaign was just a hot mess. and she responded this is just a bump in the road. >> not disparaging realtors by any means. >> stephanie: no! no! >> [ inaudible ] we don't like them. >> stephanie: no. seventeen minutes after the hour. if i paid at attention during our go to meeting...
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Jan 29, 2013
01/13
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CURRENT
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they're hoping to extract spending cuts from president obama. if not that fight, then in the next debt ceiling fight the next debt ceiling fight. the demand nor spending cuts isn't going to go anywhere. >> bill: barney frank, he would be fired up, ready to go. he knows she is issues. he knows the fiscal issues better than anybody else. >> deval patrick said he would be happy to have him. he didn't endorse it per se but he expressed sort of opens to the idea. >> wouldn't be a big learning curve for barney. >> bill: no, not at all. i think it would be very tough for governor patrick not to appoint him. i mean who else could step in and have all of the information and all of the experience you need to really fight for the people. >> i was going to say -- >> bill: now, of course, so is it is sort of a relief the fiscal issues are out of the way and we can talk about something else like maybe immigration reform. very unusual to see these days eight senators, four from each party, agree on anything, correct? >> it is. >> bill: you cover the congress.
they're hoping to extract spending cuts from president obama. if not that fight, then in the next debt ceiling fight the next debt ceiling fight. the demand nor spending cuts isn't going to go anywhere. >> bill: barney frank, he would be fired up, ready to go. he knows she is issues. he knows the fiscal issues better than anybody else. >> deval patrick said he would be happy to have him. he didn't endorse it per se but he expressed sort of opens to the idea. >> wouldn't be a...
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Jan 24, 2013
01/13
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FBC
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the best part of the plan is limiting spending and taxes to 18% of gdp. that's the debate in america right now is are we going to go with barack obama plan of 25% or more of gdp consumed by government or go back to a reasonable, historical 18% that mr. lee proposed. melissa: dennis, what do you think of that? automatically limit spending to 18% of gdp, currently, 23%, a billion dollars to shave off. >> we don't need gimmicks. we need guts. we don't need politicians claiming things are meaningful when they are not. 18% of gdp, you cut over a trillion dollars a year from the budget for ten years. melissa: right. >> rather than filing a bill saying someone else should do this, put out a budget, if you're a senator, budget that cuts a trail dollars from this year's budget. cut it from defense, discretionary, medicare, social security, step up, lay out your actual cuts. the problem we have isn't that we don't have enough gimmicks like the budget amendment. we got plenty of gimmicks. we don't have guts. are you going to cut medicare by that amount, or social se
the best part of the plan is limiting spending and taxes to 18% of gdp. that's the debate in america right now is are we going to go with barack obama plan of 25% or more of gdp consumed by government or go back to a reasonable, historical 18% that mr. lee proposed. melissa: dennis, what do you think of that? automatically limit spending to 18% of gdp, currently, 23%, a billion dollars to shave off. >> we don't need gimmicks. we need guts. we don't need politicians claiming things are...
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Jan 31, 2013
01/13
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the obama -- obama economy heading a stumbling block, suffering its first decline since the end of the recession. the government cutting spending and u.s. businesses trying down inventories in the fourth quarter causing the economy to contract for the first time in more than three years. u.s. gross domestic product falling a rate of a tenth of a percent, that is the worst performance since the second quarter of 2009. this is growing at a 3% clip in the third quarter of last year. the federal reserve today saying that growth has stalled, but telling the public temporary, pledging to continue with the easy money policy into the outlook for employment improved substantially, the news coming as somewhat of late surprised as economists predicted. the economy hit with super storm sandy in late october causing extensive damage along the east coast, seen as a major factor. economists see the same growth in excess of 3 percent will be needed to significantly lower unemployment and get at least some of the 23 million unemployed americans back to work. as to the markets, of three indices finishin
the obama -- obama economy heading a stumbling block, suffering its first decline since the end of the recession. the government cutting spending and u.s. businesses trying down inventories in the fourth quarter causing the economy to contract for the first time in more than three years. u.s. gross domestic product falling a rate of a tenth of a percent, that is the worst performance since the second quarter of 2009. this is growing at a 3% clip in the third quarter of last year. the federal...
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Jan 29, 2013
01/13
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he served as an advocate for president obama spending increases on highways, bridges and transport facilities. it continues. i will be curious to see who takes that spot. it will be tough with the challenges ahead. credit card users bracing for a new swipe fee. we will tell you why small businesses may be the biggest loser on this one. melissa: lou dobbs coming up as president obama gets set to pitch his immigration plan. ♪ >> announcer: you never know when, but thieves can steal your identity and turn your life upside down. >> hi. >> hi. you know, i can save you 15% today if you open up a charge card account with us. >> you just read my mind. >> announcer: just one little piece of information and they can open bogus accounts, stealing your credit, your money and ruining your reputation. that's why you need lifelock to relentlessly protect what matters most... [beeping...] helping stop crooks before your identity is attacked. and now you can have the most comprehensive identity theft protection available today... lifelock ultimate. so for protection you just can't get anywhere else, get lif
he served as an advocate for president obama spending increases on highways, bridges and transport facilities. it continues. i will be curious to see who takes that spot. it will be tough with the challenges ahead. credit card users bracing for a new swipe fee. we will tell you why small businesses may be the biggest loser on this one. melissa: lou dobbs coming up as president obama gets set to pitch his immigration plan. ♪ >> announcer: you never know when, but thieves can steal your...
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Jan 24, 2013
01/13
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FBC
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a boost for the economy without the government spending a dime, getting closer. 53 senators, including nine departments wrote to president obama urging him to approve the pipeline bringing canada's oil to america. a big natural gas company opens books on fracking to the epa. the end result could be a lot more american natural gas production. think about that. jobs, cheap, reliable energy moving forward and a democrat senator pushing for it will join us in minutes. ♪ all right. as i said a moment ago, we'll be joined by one of the democrat senators who signed that letter to president obama urging approval of the keystone pipeline. he will be here ten past ten eastern this morning, this program. to the big board, close to an all-time record high. the dow is now at 13,834 #, up 55 points. to nicole, apple's numbers disappoint, and, boy, is that stock taking a downturn, go. >> oh, big time, down almost 10% right now at $463. out all the people who paid $700 for apple with high hopes of the iphone 5 and apple tv and the next latest product to see it disappoint. >> the soft story of the da
a boost for the economy without the government spending a dime, getting closer. 53 senators, including nine departments wrote to president obama urging him to approve the pipeline bringing canada's oil to america. a big natural gas company opens books on fracking to the epa. the end result could be a lot more american natural gas production. think about that. jobs, cheap, reliable energy moving forward and a democrat senator pushing for it will join us in minutes. ♪ all right. as i said a...
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Jan 31, 2013
01/13
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spend, spend, spend. take it from this group and give it to that group and he will then vote you in for a second term. the measure of failure is the size of the debt. president obama has added 5 1/2 trillion in four years. that is astronomical. what have we got for it? an economy that is now shrinking, again. enough with the excuses. face reality. change course. the private sector, that's what he should do, but he won't. all stations come over to mission a for a final go. this is for real this time. step seven point two one two. rify and lock. command is locked. five seconds. three, two, one. standing by for capture. the most innovative software on the planet... dragon is captured. is connecting today's leading companies to places beyond it. siemens. answers. how do traders using technical analysis streamline their process? at fidelity, we do it by merging two tools into one. combining your customized charts with leading-edge analysis tools from recognia so you can quickly spot key trends and possible ent
spend, spend, spend. take it from this group and give it to that group and he will then vote you in for a second term. the measure of failure is the size of the debt. president obama has added 5 1/2 trillion in four years. that is astronomical. what have we got for it? an economy that is now shrinking, again. enough with the excuses. face reality. change course. the private sector, that's what he should do, but he won't. all stations come over to mission a for a final go. this is for real this...
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Jan 28, 2013
01/13
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we spend too much money. we do not have a revenue problem. stuart: $100 billion cut, march first, military and health spending, cut it, and you say do it. all right. congressman, republican, tennessee, thank you very much for joining us. >> thank you. stuart: buy season tickets to the favorite team, and if the team sinks or stinking, you get some of your money back. maybe the new york gelts should take note. the owner of the team offering that discount. there is a team owner who is offering discount to season ticket holders, and he's next. ]s joe woods' first day of work. and his new boss told him twongs -- cook what you love, and save your money. joe doesn't know it yet, but he'll wk his way up from busser to waiter to chef before opening a restaurant specializing in fish and me from the great northwest. he'll start investing early, he'll find some good people to help guide him, nd he'll set money aside from his first day of work to his last, which isn't rocket science. it's just common sense. from td ameritrade. stuart: new numbers on pendi
we spend too much money. we do not have a revenue problem. stuart: $100 billion cut, march first, military and health spending, cut it, and you say do it. all right. congressman, republican, tennessee, thank you very much for joining us. >> thank you. stuart: buy season tickets to the favorite team, and if the team sinks or stinking, you get some of your money back. maybe the new york gelts should take note. the owner of the team offering that discount. there is a team owner who is...
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Jan 30, 2013
01/13
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charles: president obama does acknowledge medicare problems, even though we don't have a spending problem. this goes beyond a fiscal thing. i mean, this is real -- liz: that's right charles. the doctors are telling me it is totally opposite of what the president said he wanted, more care under health reform. this is actually rewarding for less care. stuart: this new just in on the rimm meeting. they are going to change their corporate name to blackberry. we all know they put out the blackberry and that's the name of the company, none of this research in motion stuff. okay? the stock though they are listening to very carefully with what's going on with the new blackberry 10. seems so far they like what they are hearing. look at the big board, down 24 points for the dow. that's not a very big reaction to the news this morning that our economy is contracting, at least it did at the very end of last year. maybe everybody's waiting for the 2:15 announcement of what bernanke is going to do with all that money printing in the future. maybe that's why the market -- i think you will agree with thi
charles: president obama does acknowledge medicare problems, even though we don't have a spending problem. this goes beyond a fiscal thing. i mean, this is real -- liz: that's right charles. the doctors are telling me it is totally opposite of what the president said he wanted, more care under health reform. this is actually rewarding for less care. stuart: this new just in on the rimm meeting. they are going to change their corporate name to blackberry. we all know they put out the blackberry...
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Jan 31, 2013
01/13
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president obama is allowing his jobs council to expire. the 2-year-old council including business and labor leaders. ge's jeff immelt chaired it and met with the president four times. the last time more than a year ago. the white house cites visa processing retrofitting government buildings with energy efficient technology and fast track review for infrastructure. the republicans claim the president ignored the group's recommendation, treating it as a nuisance than a vehicle that spurred job creation. back to you. ashley: now it no longer exists. rich edson, thank you so much. appreciate it. tracy: they will need a job. coming up one beer combination leaving regulators with a skunky aftertaste. ashley: yuk. plus is the eurozone destinned to self-destruction? heritage foundation's nile gardiner weighs in ahead. why he says america needs to pay very close tanks. first as we do now every day let's take a look how oil is trading. it was, seemed like it was going to hit the 100 dollar level. down half a percent on the day at 97.43. this is $100
president obama is allowing his jobs council to expire. the 2-year-old council including business and labor leaders. ge's jeff immelt chaired it and met with the president four times. the last time more than a year ago. the white house cites visa processing retrofitting government buildings with energy efficient technology and fast track review for infrastructure. the republicans claim the president ignored the group's recommendation, treating it as a nuisance than a vehicle that spurred job...
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Jan 24, 2013
01/13
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FOXNEWS
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this role, if confirmed, is also deeply informed by the 28-plus years that i have been privileged to spend in the senate. that percent specht tiff will remain with me if confirmed as secretary. and i'm already excited by the many ways that we can work together, and in which we must work together in order to advance america's security interests in a complicated and ever more dangerous world. i would add that i'm particularly aware that in many ways the greatest challenge to america's foreign policy will be in your hands, not mine, because while it's often said that we can't be strong at home if we're not strong in the world, in these days of fiscal crisis, and as a recovering member of the super committee, i am especially cognizant of the fact that we can't be strong in the world unless we're strong at home. and the first priority of business, which will affect my credibility as a diplomat, and our credibility as a nation, as we work to help other countries create order, the first priority will be that america at last puts its own fiscal house in order. i really can't emphasize to you enoug
this role, if confirmed, is also deeply informed by the 28-plus years that i have been privileged to spend in the senate. that percent specht tiff will remain with me if confirmed as secretary. and i'm already excited by the many ways that we can work together, and in which we must work together in order to advance america's security interests in a complicated and ever more dangerous world. i would add that i'm particularly aware that in many ways the greatest challenge to america's foreign...
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Jan 30, 2013
01/13
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that was our spending. president obama an estimate will be $3.6 trillion. that is an increase of 44%! 44% increase in spending. that doesn't look like a problem to you? >> what i would love to have the just that position of job creation, we created 5 million jobs in the united states. if you were saying it's worse but the five million people are saying it is worth it. >> eric: you are saying there is five million jobs created? >> from the low point. >> that is different. >> he was in office. i think, come on eric, we spent 5.8 t78d and we have a negative growth rate. >> this the first quarter we've had a negative growth rate. we a super storm sandy and lots of fiscal negotiations. i think we're probably going to have close to 3% growth rate of 2013. the recovery is coming along, but it's not coming as fast as anybody would like it but it is coming. >> eric: we'll leave it there. no major sell-off on white house despite the news. the dow still flirting with 14,000. sandra smith keeping an eye on it all. i'm looking down 44 on the day where we have negative g
that was our spending. president obama an estimate will be $3.6 trillion. that is an increase of 44%! 44% increase in spending. that doesn't look like a problem to you? >> what i would love to have the just that position of job creation, we created 5 million jobs in the united states. if you were saying it's worse but the five million people are saying it is worth it. >> eric: you are saying there is five million jobs created? >> from the low point. >> that is different....
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Jan 28, 2013
01/13
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does president obama want to destroy the republican party? >> obviously republicans want to make sure the entitlement programs are here for future generations. right now for every dollar we spend on young people we are spending four dollars on seniors. right now in medicare the average person pays for one third of the cost of the medicare program. now, dick durbin for what it is worth has been one of those people willing sit down and solve that problem and i congratulate him on that. as far as the president's goal of annihilating the republican party. i will say that i was glad to see that the house was unified behind something recently as it relates to the fiscal issues and i think that is a backstop to that. the fact is the one thing the president didn't mention in his speech was the major fiscal issue that our nation faces. it was everything but that and to me that was disheartening. it is the one issue that before anything else we need to put in the rear view mirror to make our country stronger. >> chris: senator durbin you are a member o
does president obama want to destroy the republican party? >> obviously republicans want to make sure the entitlement programs are here for future generations. right now for every dollar we spend on young people we are spending four dollars on seniors. right now in medicare the average person pays for one third of the cost of the medicare program. now, dick durbin for what it is worth has been one of those people willing sit down and solve that problem and i congratulate him on that. as...